Expedia Inc. (Nasdaq: EXPE) will acquire Orbitz Worldwide Inc. (NYSE: OWW) in a deal valued at approximately $1.6 billion. Shares of Expedia leaped $11.35 to close at $89.57 while Orbitz stock jumped $2.10 to close at $11.72.
Expedia to buy Orbitz
February 12, 2015 at 16:27 PM EST
